In order to recover the tax, penalty, interest and any other dues, bank account of the dealers can be attached by the Ward/Proper Officers under Section 46 of the DVAT Act and Section 78 & 79 of the DGST Act, 2017. Further, Section 46A of the DVAT Act, 2004 and Section 83 of the DGST Act, 2017 provide for provisional attachment to protect the revenue in certain cases.
F No. 189/3/2022-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi. ***** Dated: 06th February, 2023 Office Order Subject: Setting up of office for operationalising Boards for Advance Rulings – reg. In continuation to the Notification No.96 of 2021 dated the 1st September, 2021 published […]
It is observed that some importers could not file the advance Bills of Entry for the consignments in the vessels granted entry inwards on 01.02.2023 due to the shutdown of services of ICEGATE for the purpose of budget updation in ICES.
Supreme Court in the matter of Shri Ashish Agarwal, several representations were received asking for time-barring date of such cases, in the light of communication sent by ITBA. The Board is of the view that such cases have to be completed by 31.05.2023
It is observed that the company has not filed its proceedings of annual general meeting alongwith the report of the Board of Directors, the audited balance sheet and profit and loss for the financial years 2015-2016 to till date per the MCA portal. Hence, this office has issued show cause notice for default under section […]
Att registered FMEs seeking registration for their scheme or fund in IFSC has to submit application APPLICATION FORM FOR FUND/SCHEME
Taxation is not just a vehicle for raising government revenue; it is critically important for economic and social development. As we discharge our duties, we all would do well to keep these principles close to our heart.
During the course of Inquiry, it was observed that the e-Form PAS-3 filed for issue of 9,00,000/- worth of equity shares through private placement offer. Upon examining reply of Shri. S. Ragu, Director, it is inferred that the board meeting agenda speaks only about allotment of shares with no mention of Private Placement to M/s. […]
Authorized Representatives have appeared for the Appellants, while reiterating the grounds taken in the appeal had stated that the Company was not in a position to conduct the AGM and file the statutory returns in time, as Shri. Shahul Hammed, Ex-Director who was in-charge of banking, accounting and maintaining of registers, has misappropriated the company’s […]
During the past week, unusual price movement in the stocks of a business conglomerate has been observed. As part of its mandate, SEBI seeks to maintain orderly and efficient functioning of the market and has put in place a set of well defined, publicly available surveillance measures (including the ASM framework) to address excessive volatility in specific stocks.
